Treasury note

91282CKJ9 · 4.5% due April 15, 2027

Original term
3-Year
Maturity
Apr 15, 2027
Coupon
4.500%
Pays
Semi-Annual
Dated
Apr 15, 2024
First coupon
Oct 15, 2024
Priced through
Nov 9, 2026
Analyzed through
Nov 9, 2026

Statement of October 31, 2026

Amount outstanding
$58.95bn
Held stripped
$10.8m
Share stripped
0.02%

Stripped par is held as separate interest and principal components rather than as whole securities. The Safe Rate indices deliberately do not deduct it, and the whole-market figure is published so that decision can be argued with. Market statistics.

Amount outstanding as reported by Treasury, in its Monthly Statement of the Public Debt. The Safe Rate indices weight on a different figure, float-adjusted original par, and the two are not comparable security by security. The index figures are published per holding.

Risk, November 9, 2026

Yield to maturity
4.190%
Modified duration
0.421 yr
DV01
0.0042
Convexity
0.00355
Dirty price
100.446

Where its rate sensitivity sits

0.12
0.30
3M
6M
1Y
2Y
3Y
5Y
7Y
10Y
15Y
20Y
25Y
30Y
Sensitivity to a one basis point move at each point on the curve, in years. Concentrated in 2 of twelve buckets, summing to 0.427 years against a modified duration of 0.421.

Against the fitted curve

Priced 7.4 bp rich to the curve on that day, 3.15 cents per 100 of face.

That is -2.05 standard deviations from its own typical residual.

Yield to maturity, 643 observations

3.25%3.50%3.75%4.00%4.25%4.50%4.75%5.00%Apr 15, 2024Nov 9, 2026Apr 15, 2024Yield to maturity4.783%Apr 18, 2024Yield to maturity4.829%Apr 23, 2024Yield to maturity4.761%Apr 26, 2024Yield to maturity4.843%May 1, 2024Yield to maturity4.798%May 6, 2024Yield to maturity4.648%May 9, 2024Yield to maturity4.626%May 14, 2024Yield to maturity4.626%May 17, 2024Yield to maturity4.615%May 22, 2024Yield to maturity4.662%May 28, 2024Yield to maturity4.756%May 31, 2024Yield to maturity4.698%Jun 5, 2024Yield to maturity4.522%Jun 10, 2024Yield to maturity4.688%Jun 13, 2024Yield to maturity4.462%Jun 18, 2024Yield to maturity4.474%Jun 24, 2024Yield to maturity4.510%Jun 27, 2024Yield to maturity4.534%Jul 2, 2024Yield to maturity4.582%Jul 8, 2024Yield to maturity4.437%Jul 11, 2024Yield to maturity4.328%Jul 16, 2024Yield to maturity4.254%Jul 19, 2024Yield to maturity4.326%Jul 24, 2024Yield to maturity4.289%Jul 29, 2024Yield to maturity4.239%Aug 1, 2024Yield to maturity4.017%Aug 6, 2024Yield to maturity3.868%Aug 9, 2024Yield to maturity3.939%Aug 14, 2024Yield to maturity3.814%Aug 19, 2024Yield to maturity3.910%Aug 22, 2024Yield to maturity3.859%Aug 27, 2024Yield to maturity3.768%Aug 30, 2024Yield to maturity3.827%Sep 5, 2024Yield to maturity3.649%Sep 10, 2024Yield to maturity3.495%Sep 13, 2024Yield to maturity3.490%Sep 18, 2024Yield to maturity3.525%Sep 23, 2024Yield to maturity3.520%Sep 26, 2024Yield to maturity3.581%Oct 1, 2024Yield to maturity3.563%Oct 4, 2024Yield to maturity3.883%Oct 9, 2024Yield to maturity3.946%Oct 15, 2024Yield to maturity3.890%Oct 18, 2024Yield to maturity3.900%Oct 23, 2024Yield to maturity4.057%Oct 28, 2024Yield to maturity4.108%Oct 31, 2024Yield to maturity4.134%Nov 5, 2024Yield to maturity4.172%Nov 8, 2024Yield to maturity4.225%Nov 14, 2024Yield to maturity4.320%Nov 19, 2024Yield to maturity4.263%Nov 22, 2024Yield to maturity4.345%Nov 27, 2024Yield to maturity4.219%Dec 3, 2024Yield to maturity4.175%Dec 6, 2024Yield to maturity4.089%Dec 11, 2024Yield to maturity4.158%Dec 16, 2024Yield to maturity4.241%Dec 19, 2024Yield to maturity4.340%Dec 24, 2024Yield to maturity4.382%Dec 30, 2024Yield to maturity4.266%Jan 3, 2025Yield to maturity4.308%Jan 8, 2025Yield to maturity4.292%Jan 13, 2025Yield to maturity4.438%Jan 16, 2025Yield to maturity4.261%Jan 22, 2025Yield to maturity4.319%Jan 27, 2025Yield to maturity4.213%Jan 30, 2025Yield to maturity4.212%Feb 4, 2025Yield to maturity4.226%Feb 7, 2025Yield to maturity4.300%Feb 12, 2025Yield to maturity4.375%Feb 18, 2025Yield to maturity4.313%Feb 21, 2025Yield to maturity4.204%Feb 26, 2025Yield to maturity4.065%Mar 3, 2025Yield to maturity3.969%Mar 6, 2025Yield to maturity3.983%Mar 11, 2025Yield to maturity3.949%Mar 14, 2025Yield to maturity4.024%Mar 19, 2025Yield to maturity3.975%Mar 24, 2025Yield to maturity4.035%Mar 27, 2025Yield to maturity4.018%Apr 1, 2025Yield to maturity3.887%Apr 4, 2025Yield to maturity3.707%Apr 9, 2025Yield to maturity3.946%Apr 14, 2025Yield to maturity3.861%Apr 17, 2025Yield to maturity3.826%Apr 23, 2025Yield to maturity3.886%Apr 28, 2025Yield to maturity3.716%May 1, 2025Yield to maturity3.729%May 6, 2025Yield to maturity3.807%May 9, 2025Yield to maturity3.904%May 14, 2025Yield to maturity4.071%May 19, 2025Yield to maturity3.982%May 22, 2025Yield to maturity4.014%May 28, 2025Yield to maturity4.027%Jun 2, 2025Yield to maturity3.971%Jun 5, 2025Yield to maturity3.969%Jun 10, 2025Yield to maturity4.036%Jun 13, 2025Yield to maturity3.979%Jun 18, 2025Yield to maturity3.958%Jun 24, 2025Yield to maturity3.846%Jun 27, 2025Yield to maturity3.805%Jul 2, 2025Yield to maturity3.839%Jul 8, 2025Yield to maturity3.961%Jul 11, 2025Yield to maturity3.957%Jul 16, 2025Yield to maturity3.936%Jul 21, 2025Yield to maturity3.894%Jul 24, 2025Yield to maturity3.967%Jul 29, 2025Yield to maturity3.925%Aug 1, 2025Yield to maturity3.749%Aug 6, 2025Yield to maturity3.745%Aug 11, 2025Yield to maturity3.797%Aug 14, 2025Yield to maturity3.775%Aug 19, 2025Yield to maturity3.789%Aug 22, 2025Yield to maturity3.744%Aug 27, 2025Yield to maturity3.701%Sep 2, 2025Yield to maturity3.733%Sep 5, 2025Yield to maturity3.586%Sep 10, 2025Yield to maturity3.602%Sep 15, 2025Yield to maturity3.595%Sep 18, 2025Yield to maturity3.611%Sep 23, 2025Yield to maturity3.624%Sep 26, 2025Yield to maturity3.700%Oct 1, 2025Yield to maturity3.613%Oct 6, 2025Yield to maturity3.648%Oct 9, 2025Yield to maturity3.643%Oct 15, 2025Yield to maturity3.549%Oct 20, 2025Yield to maturity3.518%Oct 23, 2025Yield to maturity3.535%Oct 28, 2025Yield to maturity3.547%Oct 31, 2025Yield to maturity3.649%Nov 5, 2025Yield to maturity3.689%Nov 10, 2025Yield to maturity3.634%Nov 14, 2025Yield to maturity3.671%Nov 19, 2025Yield to maturity3.644%Nov 24, 2025Yield to maturity3.566%Nov 28, 2025Yield to maturity3.578%Dec 3, 2025Yield to maturity3.549%Dec 8, 2025Yield to maturity3.611%Dec 11, 2025Yield to maturity3.558%Dec 16, 2025Yield to maturity3.524%Dec 19, 2025Yield to maturity3.514%Dec 24, 2025Yield to maturity3.555%Dec 30, 2025Yield to maturity3.471%Jan 5, 2026Yield to maturity3.483%Jan 8, 2026Yield to maturity3.527%Jan 13, 2026Yield to maturity3.542%Jan 16, 2026Yield to maturity3.607%Jan 22, 2026Yield to maturity3.602%Jan 27, 2026Yield to maturity3.565%Jan 30, 2026Yield to maturity3.528%Feb 4, 2026Yield to maturity3.576%Feb 9, 2026Yield to maturity3.511%Feb 12, 2026Yield to maturity3.504%Feb 18, 2026Yield to maturity3.518%Feb 23, 2026Yield to maturity3.507%Feb 26, 2026Yield to maturity3.528%Mar 3, 2026Yield to maturity3.574%Mar 6, 2026Yield to maturity3.592%Mar 11, 2026Yield to maturity3.644%Mar 16, 2026Yield to maturity3.663%Mar 19, 2026Yield to maturity3.777%Mar 24, 2026Yield to maturity3.859%Mar 27, 2026Yield to maturity3.790%Apr 1, 2026Yield to maturity3.723%Apr 6, 2026Yield to maturity3.776%Apr 9, 2026Yield to maturity3.739%Apr 14, 2026Yield to maturity3.761%Apr 17, 2026Yield to maturity3.686%Apr 22, 2026Yield to maturity3.711%Apr 27, 2026Yield to maturity3.733%Apr 30, 2026Yield to maturity3.760%May 5, 2026Yield to maturity3.782%May 8, 2026Yield to maturity3.737%May 13, 2026Yield to maturity3.800%May 18, 2026Yield to maturity3.859%May 21, 2026Yield to maturity3.853%May 27, 2026Yield to maturity3.841%Jun 1, 2026Yield to maturity3.904%Jun 4, 2026Yield to maturity3.861%Jun 9, 2026Yield to maturity3.926%Jun 12, 2026Yield to maturity3.917%Jun 17, 2026Yield to maturity4.027%Jun 23, 2026Yield to maturity4.057%Jun 26, 2026Yield to maturity4.009%Jul 1, 2026Yield to maturity4.045%Jul 7, 2026Yield to maturity4.035%Jul 10, 2026Yield to maturity4.027%Jul 15, 2026Yield to maturity3.979%Jul 20, 2026Yield to maturity4.056%Jul 23, 2026Yield to maturity4.139%Jul 28, 2026Yield to maturity4.088%Jul 31, 2026Yield to maturity4.080%Aug 5, 2026Yield to maturity4.029%Aug 10, 2026Yield to maturity4.020%Aug 13, 2026Yield to maturity3.967%Aug 18, 2026Yield to maturity3.956%Aug 21, 2026Yield to maturity3.995%Aug 26, 2026Yield to maturity3.989%Aug 31, 2026Yield to maturity4.030%Sep 3, 2026Yield to maturity4.024%Sep 9, 2026Yield to maturity4.065%Sep 14, 2026Yield to maturity4.220%Sep 17, 2026Yield to maturity4.272%Sep 22, 2026Yield to maturity4.324%Sep 25, 2026Yield to maturity4.379%Sep 30, 2026Yield to maturity4.319%Oct 5, 2026Yield to maturity4.315%Oct 8, 2026Yield to maturity4.313%Oct 14, 2026Yield to maturity4.372%Oct 19, 2026Yield to maturity4.366%Oct 22, 2026Yield to maturity4.296%Oct 27, 2026Yield to maturity4.287%Oct 30, 2026Yield to maturity4.278%Nov 4, 2026Yield to maturity4.201%Nov 9, 2026Yield to maturity4.190%

Price history

643 trading days to Nov 9, 2026

9899100101102103Apr 15, 2024Nov 9, 2026Apr 15, 2024Close99.219Apr 18, 2024Close99.094Apr 23, 2024Close99.281Apr 26, 2024Close99.063May 1, 2024Close99.188May 6, 2024Close99.594May 9, 2024Close99.656May 14, 2024Close99.656May 17, 2024Close99.688May 22, 2024Close99.563May 28, 2024Close99.313May 31, 2024Close99.469Jun 5, 2024Close99.938Jun 10, 2024Close99.500Jun 13, 2024Close100.094Jun 18, 2024Close100.063Jun 24, 2024Close99.969Jun 27, 2024Close99.906Jul 2, 2024Close99.781Jul 8, 2024Close100.156Jul 11, 2024Close100.438Jul 16, 2024Close100.625Jul 19, 2024Close100.438Jul 24, 2024Close100.531Jul 29, 2024Close100.656Aug 1, 2024Close101.219Aug 6, 2024Close101.594Aug 9, 2024Close101.406Aug 14, 2024Close101.719Aug 19, 2024Close101.469Aug 22, 2024Close101.594Aug 27, 2024Close101.813Aug 30, 2024Close101.656Sep 5, 2024Close102.094Sep 10, 2024Close102.469Sep 13, 2024Close102.469Sep 18, 2024Close102.375Sep 23, 2024Close102.375Sep 26, 2024Close102.219Oct 1, 2024Close102.250Oct 4, 2024Close101.469Oct 9, 2024Close101.313Oct 15, 2024Close101.438Oct 18, 2024Close101.406Oct 23, 2024Close101.031Oct 28, 2024Close100.906Oct 31, 2024Close100.844Nov 5, 2024Close100.750Nov 8, 2024Close100.625Nov 14, 2024Close100.406Nov 19, 2024Close100.531Nov 22, 2024Close100.344Nov 27, 2024Close100.625Dec 3, 2024Close100.719Dec 6, 2024Close100.906Dec 11, 2024Close100.750Dec 16, 2024Close100.563Dec 19, 2024Close100.344Dec 24, 2024Close100.250Dec 30, 2024Close100.500Jan 3, 2025Close100.406Jan 8, 2025Close100.438Jan 13, 2025Close100.125Jan 16, 2025Close100.500Jan 22, 2025Close100.375Jan 27, 2025Close100.594Jan 30, 2025Close100.594Feb 4, 2025Close100.563Feb 7, 2025Close100.406Feb 12, 2025Close100.250Feb 18, 2025Close100.375Feb 21, 2025Close100.594Feb 26, 2025Close100.875Mar 3, 2025Close101.063Mar 6, 2025Close101.031Mar 11, 2025Close101.094Mar 14, 2025Close100.938Mar 19, 2025Close101.031Mar 24, 2025Close100.906Mar 27, 2025Close100.938Apr 1, 2025Close101.188Apr 4, 2025Close101.531Apr 9, 2025Close101.063Apr 14, 2025Close101.219Apr 17, 2025Close101.281Apr 23, 2025Close101.156Apr 28, 2025Close101.469May 1, 2025Close101.438May 6, 2025Close101.281May 9, 2025Close101.094May 14, 2025Close100.781May 19, 2025Close100.938May 22, 2025Close100.875May 28, 2025Close100.844Jun 2, 2025Close100.938Jun 5, 2025Close100.938Jun 10, 2025Close100.813Jun 13, 2025Close100.906Jun 18, 2025Close100.938Jun 24, 2025Close101.125Jun 27, 2025Close101.188Jul 2, 2025Close101.125Jul 8, 2025Close100.906Jul 11, 2025Close100.906Jul 16, 2025Close100.938Jul 21, 2025Close101.000Jul 24, 2025Close100.875Jul 29, 2025Close100.938Aug 1, 2025Close101.219Aug 6, 2025Close101.219Aug 11, 2025Close101.125Aug 14, 2025Close101.156Aug 19, 2025Close101.125Aug 22, 2025Close101.188Aug 27, 2025Close101.250Sep 2, 2025Close101.188Sep 5, 2025Close101.406Sep 10, 2025Close101.375Sep 15, 2025Close101.375Sep 18, 2025Close101.344Sep 23, 2025Close101.313Sep 26, 2025Close101.188Oct 1, 2025Close101.313Oct 6, 2025Close101.250Oct 9, 2025Close101.250Oct 15, 2025Close101.375Oct 20, 2025Close101.406Oct 23, 2025Close101.375Oct 28, 2025Close101.344Oct 31, 2025Close101.188Nov 5, 2025Close101.125Nov 10, 2025Close101.188Nov 14, 2025Close101.125Nov 19, 2025Close101.156Nov 24, 2025Close101.250Nov 28, 2025Close101.219Dec 3, 2025Close101.250Dec 8, 2025Close101.156Dec 11, 2025Close101.219Dec 16, 2025Close101.250Dec 19, 2025Close101.250Dec 24, 2025Close101.188Dec 30, 2025Close101.281Jan 5, 2026Close101.250Jan 8, 2026Close101.188Jan 13, 2026Close101.156Jan 16, 2026Close101.063Jan 22, 2026Close101.063Jan 27, 2026Close101.094Jan 30, 2026Close101.125Feb 4, 2026Close101.063Feb 9, 2026Close101.125Feb 12, 2026Close101.125Feb 18, 2026Close101.094Feb 23, 2026Close101.094Feb 26, 2026Close101.063Mar 3, 2026Close101.000Mar 6, 2026Close100.969Mar 11, 2026Close100.906Mar 16, 2026Close100.875Mar 19, 2026Close100.750Mar 24, 2026Close100.656Mar 27, 2026Close100.719Apr 1, 2026Close100.781Apr 6, 2026Close100.719Apr 9, 2026Close100.750Apr 14, 2026Close100.719Apr 17, 2026Close100.781Apr 22, 2026Close100.750Apr 27, 2026Close100.719Apr 30, 2026Close100.688May 5, 2026Close100.656May 8, 2026Close100.688May 13, 2026Close100.625May 18, 2026Close100.563May 21, 2026Close100.563May 27, 2026Close100.563Jun 1, 2026Close100.500Jun 4, 2026Close100.531Jun 9, 2026Close100.469Jun 12, 2026Close100.469Jun 17, 2026Close100.375Jun 23, 2026Close100.344Jun 26, 2026Close100.375Jul 1, 2026Close100.344Jul 7, 2026Close100.344Jul 10, 2026Close100.344Jul 15, 2026Close100.375Jul 20, 2026Close100.313Jul 23, 2026Close100.250Jul 28, 2026Close100.281Jul 31, 2026Close100.281Aug 5, 2026Close100.313Aug 10, 2026Close100.313Aug 13, 2026Close100.344Aug 18, 2026Close100.344Aug 21, 2026Close100.313Aug 26, 2026Close100.313Aug 31, 2026Close100.281Sep 3, 2026Close100.281Sep 9, 2026Close100.250Sep 14, 2026Close100.156Sep 17, 2026Close100.125Sep 22, 2026Close100.094Sep 25, 2026Close100.063Sep 30, 2026Close100.094Oct 5, 2026Close100.094Oct 8, 2026Close100.094Oct 14, 2026Close100.063Oct 19, 2026Close100.063Oct 22, 2026Close100.094Oct 27, 2026Close100.094Oct 30, 2026Close100.094Nov 4, 2026Close100.125Nov 9, 2026Close100.125
The most recent 20 trading days of prices for 91282CKJ9.
DateBidOfferClose
Nov 9, 2026100.125–100.125
Nov 6, 2026100.125–100.125
Nov 5, 2026100.125–100.125
Nov 4, 2026100.125–100.125
Nov 3, 2026100.094–100.094
Nov 2, 2026100.094–100.094
Oct 30, 2026100.094–100.094
Oct 29, 2026100.094–100.094
Oct 28, 2026100.094–100.094
Oct 27, 2026100.094–100.094
Oct 26, 2026100.094–100.094
Oct 23, 2026100.094–100.094
Oct 22, 2026100.094–100.094
Oct 21, 2026100.094–100.063
Oct 20, 2026100.063–100.063
Oct 19, 2026100.063–100.063
Oct 16, 2026100.094–100.063
Oct 15, 2026100.063100.078100.063
Oct 14, 2026100.063100.078100.063
Oct 13, 2026100.094100.109100.094

Prices are per 100 of face, from Treasury's own end-of-day file. A dash means that side was not quoted that day, which is almost always the offer and almost always near maturity: a holder of a bill days from paying par has little reason to sell it.

Auction

A CUSIP can be auctioned more than once: Treasury reopens an existing security rather than issuing a new one, so the same bond is sold again at whatever yield the market then wants.

Auction history for 91282CKJ9.
Auction dateIssuedTypeOfferedAcceptedBid to coverHigh yield
Apr 9, 2024Apr 15, 2024New issue$58.0bn$59.0bn2.50x4.548%

The curve this was priced against →

Index levels before September 30, 2026 are back-tested. They were computed after the fact by applying the rules to historical data, which benefits from hindsight in the choice of rules, and an index cannot be invested in directly. Methodology v1.0 takes effect at that rebalance, when levels begin to be struck on the day; the rulebook is identical either way, and the version is published on every row.

A fitted curve is a fit, not a quote. Daily error averages 3.8 basis points across the history and reaches about 20 on the worst days, in December 2008, when the market was genuinely hard to fit one smooth curve to. Every curve page publishes its own fit error rather than burying it.

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Safe Rate™, Safe Rate Indices™ and the Safe Rate US Treasury Index™ are trademarks of Safe Rate, claimed through use in commerce and not registered. Third-party marks are the property of their owners, which are not affiliated with and do not endorse this data.

Curves are fitted from public Treasury data and carry fit error; figures are not a record of trading, and an index cannot be invested in directly. No claim of compliance with the IOSCO Principles for Financial Benchmarks is made or implied. Not investment advice, not an offer, and not a recommendation to buy or sell any security.